Press Releases

New York,
June 19, 2006

Deutsche Asset Management announced today that Lynn MacDonald has been named as Global Head of Institutional Marketing. MacDonald joins the firm from Alliance Capital Management, where she was a Managing Director responsible for Institutional Marketing.

Based in New York, MacDonald is responsible for Deutsche Asset Management's global Institutional Marketing activities, with a particular focus on developing a coordinated strategy for communicating the strength and breadth of the firm's worldwide platform. She reports to Roelfien Kuijpers, Global Head of the Institutional Business and Global Head of Marketing for Deutsche Asset Management.

"Lynn joins Deutsche Asset Management at a time of tremendous potential for the institutional business," said Kuijpers. "Institutional clients are increasingly demanding investment solutions across a wider range of asset classes and geographic locations. A coordinated client marketing program will better enable us to deliver our global investment platform and expertise."

MacDonald holds a MS from the Massachusetts Institute of Technology.

For further information, please call:

Rohini Pragasam 212-250-4516 Media Relations

Mayura Hooper 212-250-5536 Media Relations

Deutsche Bank

Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Asset Management

With approximately US$630 billion in assets under management globally (as of 12/31/05), Deutsche Asset Management is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. Deutsche Asset Management is geographically divided into three regions - the Americas, Europe and Asia Pacific, providing a broad range of investment management products across the risk/return spectrum.